Strathcona Resources (TSE:SCR) Reaches New 12-Month High – Still a Buy?

Strathcona Resources Ltd. (TSE:SCR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$44.16 and last traded at C$43.52, with a volume of 433886 shares changing hands. The stock had previously closed at C$42.17.

Analyst Ratings Changes

SCR has been the subject of several analyst reports. Roth Mkm set a C$40.00 target price on Strathcona Resources and gave the company a “buy” rating in a report on Tuesday, March 10th. National Bank Financial boosted their price target on shares of Strathcona Resources from C$32.00 to C$41.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. ATB Cormark Capital Markets dropped their price objective on shares of Strathcona Resources from C$42.00 to C$32.00 in a report on Tuesday, December 23rd. Scotiabank cut their price objective on shares of Strathcona Resources from C$40.00 to C$33.00 in a research report on Tuesday, December 30th. Finally, TD Securities decreased their target price on shares of Strathcona Resources from C$27.00 to C$25.00 and set a “hold” rating on the stock in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Strathcona Resources currently has an average rating of “Hold” and a consensus target price of C$33.25.

Strathcona Resources Stock Performance

The company has a debt-to-equity ratio of 49.94, a current ratio of 0.37 and a quick ratio of 11.09. The company has a market cap of C$9.25 billion, a price-to-earnings ratio of 10.16, a PEG ratio of -2.02 and a beta of 2.61. The firm has a 50 day simple moving average of C$31.43 and a 200-day simple moving average of C$34.76.

Strathcona Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 27th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, March 20th. Strathcona Resources’s dividend payout ratio (DPR) is presently 27.29%.

Strathcona Resources Company Profile

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties.